Rewards Systems

Feb 17th, 2017
Anonymous
Category:
Accounting
Price: $15 USD

Question description

Assignment 3: Rewards Systems

In tough economic times, it is difficult for employers to increase pay. However, compensation professionals can still use some basic rewards tools to keep employees engaged and appreciated.

In this assignment, you will use what you have learned from your readings so far in the course to research a current organizational rewards system and analyze its effectiveness.

Tasks:

Create a 2- to 3-page paper, covering the following:

  • Describe an example in which the organization's rewards system was not in alignment with organizational goals and objectives; for example: firing employees that make mistakes during the problem solving phase is in direct contrast to an organizational goal of innovation and creative problem solving.
  • Explain in detail the example. Provide an analysis of the example and a solution that would have helped improve the situation. Your proposed solutions should balance the needs of the reward system while meeting and supporting organizational goals and objectives.

Support your assumptions by citing in APA format any reputable source material used for this discussion.

Submission Details:

  • By Week 1, Day 7, save your paper as M1_A3_lastname_firstinitial.doc and submit it to the M1: Assignment 3 Dropbox.
Assignment 2 Grading Criteria

Maximum Points

Described and analyzed an example that demonstrates how the rewards system of an organization is not in alignment with the organizational goals and objectives.

40

Proposed a solution that would balance the needs of the rewards system while meeting and supporting the organizational goals and objectives.

40

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in the accurate representation and attribution of sources; and used accurate spelling, grammar, and punctuation.

20

Total:

100

Tutor Answer

(Top Tutor) TutorAR
School: UIUC
PREMIUM TUTOR

Hi,Find attached the completed work.Feel free to ask for any clarification or editing if need be.Looking forward to working with you in the future.Thank you.

Running head: REWARD SYSTEMS

Reward Systems
Student’s Name
Professor’s Name
Course Title
Date

REWARD SYSTEMS

2
Reward Systems

The degree of motivation displayed by the employees of any organization is significantly
dependent on the forms of reward system that are used by that particular organization. It is evident
that the current tough economic times have made it difficult for employers to increase the pay of
their employees regardless of whether or not profits are being made (Armstrong & Taylor, 2014).
Increasing pay would mean a subsequent increase in the costs of operating the business, which
may lead to the business failing to achieve its most important objective, profit. For this reason,
several human resource professionals have devised other compensation methods that have been
proven to maintain employee motivation thus keeping them engaged and motivated to continue
working for the organization. Managing a good reward system is paramount to managing the
performance of the employees, which should reflect the organization's values, goals, and objectives
(Armstrong & Taylor, 2014).
An example of a situation where the rewar...

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